Compulsory Conversion of Shares into Dematerialised Form

This is with reference to our letter dated 28th September, 2018 on the captioned subject requesting you to dematerialize the Equity Shares held by you in the Company pursuant to the notification dated 8th June, 2018 issued by the Securities and Exchange Board of India (“SEBI”) amending the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the transfer of securities to be in dematerialised form only, with effect from 5th December, 2018.

As per the records maintained with the Company’s Registrar & Share Transfer Agents, Karvy Computershare Private Limited (“Karvy”), we note that your holding in the Company is in physical form. We therefore request you to dematerialize (demat) the Equity Shares held by you in the Company to facilitate transfer of shares.

You may accordingly, approach any Depository Participant(s) having registration with SEBI to open a demat account and dematerialize your shares held in the Company.

In case of any queries or assistance in this regard, you may also contact our Registrar & Share Transfer Agents at the following address: